Gallantt Ispat Limited (NSE: GALLANTT, BSE: 532726) has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. The company reported strong revenue growth and profitability for the period, as reviewed and approved by the Board of Directors.
Key Financial Highlights (Standalone)
Particulars (₹ in Lakhs)
Q3 FY25 (Dec 31, 2024)
Q2 FY25 (Sep 30, 2024)
Q3 FY24 (Dec 31, 2023)
9M FY25
9M FY24
Revenue from Operations
111,832.14
94,256.76
106,266.23
322,058.34
304,870.30
Other Income
76.24
207.27
118.58
306.35
423.06
Total Income
111,908.38
94,464.07
106,384.81
322,364.69
305,293.36
EBITDA
16,515.42
7,052.81
7,058.21
40,498.89
31,131.74
Profit Before Tax (PBT)
16,515.42
7,052.81
7,058.21
40,498.89
31,131.74
Tax Expense
5,148.10
1,854.98
1,124.08
12,058.07
8,597.93
Net Profit
11,367.32
5,197.83
5,197.83
28,443.81
22,533.81
EPS (₹) - Basic/Diluted
4.71
2.03
2.15
11.79
9.34
Consolidated Financial Performance
The consolidated financial results closely mirror the standalone performance, as Gallantt Ispat operates as a single-segment entity in the steel manufacturing sector, producing TMT Bars, sponge iron, billets, and power generation.
Particulars (₹ in Lakhs)
Q3 FY25 (Dec 31, 2024)
Q3 FY24 (Dec 31, 2023)
9M FY25
9M FY24
Total Income
111,908.38
106,384.81
322,364.69
305,293.36
Net Profit
11,367.32
5,197.83
28,443.81
22,533.81
EPS (₹) - Basic/Diluted
4.71
2.15
11.79
9.34
Key Observations & Business Performance
Revenue Growth: The company posted 5.3% year-on-year (YoY) growth in revenue for Q3 FY25, reaching ₹111,832.14 lakh, driven by strong steel demand.
EBITDA and Profit Growth: EBITDA surged to ₹16,515.42 lakh, marking a significant YoY improvement.
Margins Expansion: Net profit for Q3 FY25 more than doubled YoY to ₹11,367.32 lakh, resulting in a higher EPS of ₹4.71.
Stable Business Model: Gallantt Ispat remains focused on steel manufacturing with integrated operations, ensuring cost efficiency and operational stability.
Management Commentary
Mr. Chandra Prakash Agrawal, Chairman & Managing Director, stated: "The strong financial performance in Q3 FY25 is a testament to our operational efficiency, cost optimization strategies, and increasing market demand for steel. We remain committed to expanding our market reach and strengthening our production capabilities."
Auditor’s Review & Compliance
M/s Maroti & Associates, Chartered Accountants, reviewed the unaudited financial statements and issued an unmodified opinion, confirming compliance with Indian Accounting Standards (Ind AS 34).
The financials have been rearranged, regrouped, and restated where necessary.
Strategic Outlook
Gallantt Ispat is positioned to benefit from:
Infrastructure growth in India, boosting demand for steel products.
Operational efficiency improvements through backward integration.
Ongoing expansion efforts to enhance production capabilities.
Conclusion
With strong financial results and a positive business outlook, Gallantt Ispat continues to showcase robust growth potential in the steel sector. Investors and stakeholders can expect steady performance, efficient operations, and strategic expansion in the coming quarters.
